Contents of the Premiere Issue of the International Journal of Central Banking Monetary Policy with Judgment: Forecast Targeting

Lars E.O. Svensson Do Actions Speak Louder Than Words? The Response of Asset Prices to Monetary Policy Actions and Statements Refet S. Gurkaynak, Brian Sack, and Eric Swanson The Performance and Robustness of Interest-Rate Rules in Models of the Euro Area Ramon Adalid, Günter Coenen, Peter McAdam, and Stefano Siviero Monetary Policy Neglect and the Great Inflation in Canada, Australia, and New Zealand Edward Nelson Committees Versus Individuals: An Experimental Analysis of Monetary Policy Decision-Making Clare Lombardelli, James Proudman, and James Talbot Exchange Rate Volatility and the Credit Channel in Emerging Markets: A Vertical Perspective Ricardo Caballero and Arvind Krishnamurthy

International Journal of Central Banking Managing Editor Ben S. Bernanke, Governor, Federal Reserve Board Co-editors Hyun Shin, Professor of Finance, London School of Economics Frank Smets, Deputy Director General, Directorate General Research, European Central Bank Kazuo Ueda, Professor, Faculty of Economics, University of Tokyo Michael Woodford, the John Bates Clark Professor of Political Economy and co-director of the Program for Economic Research at Columbia University Associate Editors Viral Acharya Assistant Professor of Finance London Business School Franklin Allen Nippon Life Professor of Finance and Economics The Wharton School of the University of Pennsylvania Douglas Diamond, Merton H. Miller Distinguished Service Professor of Finance University of Chicago Graduate School of Business Douglas Gale Professor of Economics New York University Michael Gordy Senior Economist, Division of Research and Statistics Federal Reserve Board Luigi Guiso Visiting Professor of Economics University of Chicago Graduate School of Business Rafael Repullo Professor of Economics and Director Centro de Estudios Monetarios y Financieros (CEMFI) Eli Remolona Deputy Chief Representative Representative Office for Asia & the Pacific Bank for International Settlements Michael Bordo Professor of Economics Rutgers University Michael Devereux Professor, Department of Economics University of British Columbia Olivier Jeanne Economist, Research Department International Monetary Fund Andrew Rose B.T. Rocca Professor, Economic Analysis and Policy Haas School of Business, University of California, Berkeley

(continued) Philip Lane Professor of International Macroeconomics and Director of the Institute for International Integration Studies Trinity College Dublin Carmen Reinhart Professor of Economics, Department of Economics University of Maryland Guy Debelle Head, International Department Reserve Bank of Australia Michael Dotsey Vice President and Senior Economic Policy Advisor Philadelphia Federal Reserve Jordi Gali Professor, Department of Economics Universitat Pompeu Fabra Marvin Goodfriend Senior Vice President and Policy Advisor Federal Reserve Bank of Richmond Charles Goodhart Deputy Director, Financial Markets Group London School of Economics Andrew Haldane Head of Division, Market Infrastructure, Market Stability Bank of England Takatoshi Ito Professor, Faculty of Economics (Graduate School) University of Tokyo Andrew Levin Senior Economist, Division of Monetary Affairs Federal Reserve Board Francesco Lippi Economist, Research Department Bank of Italy Klaus Schmidt-Hebbel Manager of Economic Research Bank of Chile Lars Svensson Professor of Economics Princeton University Juergen von Hagen Professor of Economics and Director, Center for European Integration Studies University of Bonn